Constellation Brands Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.69B | $-81.4M | $1.73B | $-71.0M | $-40.4M | $2.00B | $-11.8M | $3.44B |
| Depreciation & Amortization | $420.0M | $447.0M | $429.2M | $387.0M | $342.4M | $299.1M | $332.2M | $339.1M |
| Depreciation | $418.7M | $445.7M | $427.9M | $383.8M | $337.3M | $293.8M | $326.5M | $333.1M |
| Amortization | $1.3M | $1.3M | $1.3M | $3.2M | $5.1M | $5.3M | $5.7M | $6.0M |
| Stock-Based Compensation | $67.7M | $72.2M | $63.6M | $68.5M | $44.9M | $63.0M | $60.4M | $64.1M |
| Net Cash from Operating Activities | $2.67B | $3.15B | $2.78B | $2.76B | $2.71B | $2.81B | $2.55B | $2.25B |
| Investing Activities | ||||||||
| Capital Expenditures | $875.0M | $1.21B | $1.27B | $1.04B | $1.03B | $864.6M | $726.5M | $886.3M |
| Business Acquisitions | $0 | $158.7M | $7.5M | $37.1M | $53.5M | $19.9M | $36.2M | $45.6M |
| Net Cash from Investing Activities | $16.5M | $-974.8M | $-1.29B | $-999.4M | $-1.04B | $-87.9M | $-531.0M | $-4.83B |
| Financing Activities | ||||||||
| Dividends Paid | $715.7M | $731.8M | $653.8M | $587.7M | $573.0M | $575.0M | $569.2M | $557.7M |
| Stock Repurchases | $924.1M | $1.12B | $249.7M | $1.70B | $1.39B | $0 | $50.0M | $504.3M |
| Net Cash from Financing Activities | $-2.66B | $-2.26B | $-1.47B | $-1.82B | $-1.93B | $-2.35B | $-2.03B | $2.59B |
| Net Change in Cash | $34.3M | $-84.3M | $18.9M | $-65.9M | $-261.2M | $379.2M | $-12.2M | $3.3M |
| Free Cash Flow | $1.79B | $1.94B | $1.51B | $1.72B | $1.68B | $1.94B | $1.82B | $1.36B |